talking to myself(smile)

testing a system
during the next 30 days i will list my signal and entry and exit
if the results are dreadful ...i`ll rethink the plan
if results are considered of any value, i will continue with the strategy

from march 5 to april 5 will be the first stage

trades will be listed sometime after 16:00 est

the journal will force me to focus on the strategy and test

gbpusd will be the currency being tested

i will use a 5000 demo account

what kind of strategy is it? if it's scalping (1hr or less) then it's cool, but if it's swing strategy, one month wouldn't be enough

(what kind of strategy is it? if it's scalping (1hr or less) then it's cool, but if it's swing strategy, one month wouldn't be enough)

the strategy has been backtested for five months and the results show high probability trading. the strategy is both simple and magical.

lots 0.50
gbpusd sell 1.9217

yes, i knew this could be a rough start, after such an extreme short the day before. and i reallize monday would have been a giant winner for the system, so this tuesday loss would be cushioned or neutralized. haha rationalizing......

exited with a -130 pip loss at 1.9320



new trade:

long 9323

how does the strat work with different currencies??

adding several currencies to the study. using a separate demo account for each currency, so the results are clear. this will help pick up the probabilities/failures within this strat for the individual currency.

like a horse race...

with the main currency study...gbpusd...i am holding the 16:00 entry for the intraday swing(long 9323)

...and scalping the retracements in the direction of the 16:00 signal.

here are the results including the first signal trade on 03/05:

2007/03/05 21:06 sell 0.50 gbpusd 1.9217 0.0000 0.0000 2007/03/06 21:02 1.9320 0.00 0.20 -515.00
2007/03/07 01:55 buy 1.00 gbpusd 1.9301 0.0000 0.0000 2007/03/07 02:04 1.9309 0.00 0.00 80.00
2007/03/07 02:20 buy 0.50 gbpusd 1.9311 0.0000 1.9321 2007/03/07 07:42 1.9321 0.00 0.00 50.00
2007/03/07 12:08 buy 0.50 gbpusd 1.9286 0.0000 1.9296 2007/03/07 12:36 1.9296 0.00 0.00 50.00
2007/03/07 13:42 buy 0.50 gbpusd 1.9301 0.0000 1.9311 2007/03/07 15:21 1.9311 0.00 0.00 50.00
0.00 0.20 -285.00
Deposit/Withdrawal: 5000.00 Credit Facility: 0.00 Closed Trade P/L: -284.80


working my way back to daylight....

Closed Transactions:
Ticket Open Time Type Lots Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
4352854 2007/03/05 21:05 balance deposit 5000.00
4352861 2007/03/05 21:06 sell 0.50 gbpusd 1.9217 0.0000 0.0000 2007/03/06 21:02 1.9320 0.00 0.20 -515.00
4358913 2007/03/07 01:55 buy 1.00 gbpusd 1.9301 0.0000 0.0000 2007/03/07 02:04 1.9309 0.00 0.00 80.00
4359018 2007/03/07 02:20 buy 0.50 gbpusd 1.9311 0.0000 1.9321 2007/03/07 07:42 1.9321 0.00 0.00 50.00
4360550 2007/03/07 12:08 buy 0.50 gbpusd 1.9286 0.0000 1.9296 2007/03/07 12:36 1.9296 0.00 0.00 50.00
4360746 2007/03/07 13:42 buy 0.50 gbpusd 1.9301 0.0000 1.9311 2007/03/07 15:21 1.9311 0.00 0.00 50.00
4361156 2007/03/07 16:06 buy 0.50 gbpusd 1.9305 0.0000 1.9315 2007/03/07 16:45 1.9308 0.00 0.00 15.00
4361332 2007/03/07 17:32 buy 0.50 gbpusd 1.9307 0.0000 1.9317 2007/03/07 17:36 1.9313 0.00 0.00 30.00
0.00 0.20 -240.00

the day ended with wins...
the 16:00 to 16:00 was a small winner +13

4357706 2007/03/06 21:06 buy 0.50 gbpusd 1.9323 0.0000 0.0000 2007/03/07 20:59 1.9336 0.00 -0.57 65.00

and including the scalps(all trades long) with the 16:00 long signal

Closed Transactions:
Ticket Open Time Type Lots Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
4358913 2007/03/07 01:55 buy 1.00 gbpusd 1.9301 0.0000 0.0000 2007/03/07 02:04 1.9309 0.00 0.00 80.00
4359018 2007/03/07 02:20 buy 0.50 gbpusd 1.9311 0.0000 1.9321 2007/03/07 07:42 1.9321 0.00 0.00 50.00
4360550 2007/03/07 12:08 buy 0.50 gbpusd 1.9286 0.0000 1.9296 2007/03/07 12:36 1.9296 0.00 0.00 50.00
4360746 2007/03/07 13:42 buy 0.50 gbpusd 1.9301 0.0000 1.9311 2007/03/07 15:21 1.9311 0.00 0.00 50.00
4361156 2007/03/07 16:06 buy 0.50 gbpusd 1.9305 0.0000 1.9315 2007/03/07 16:45 1.9308 0.00 0.00 15.00
4361332 2007/03/07 17:32 buy 0.50 gbpusd 1.9307 0.0000 1.9317 2007/03/07 17:36 1.9313 0.00 0.00 30.00
4357706 2007/03/06 21:06 buy 0.50 gbpusd 1.9323 0.0000 0.0000 2007/03/07 20:59 1.9336 0.00 -0.57 65.00
0.00 -0.57 340.00
Deposit/Withdrawal: 0.00 Credit Facility: 0.00 Closed Trade P/L: 339.43


the new 16:00 to 16:00 trade is long gbpusd for may 7/8

trade can be up to 5mini lots...i will look for retracements and enter slowly to have the full 5 mini lots for long through tomorrow 16:00



entered one mini lot and will wait for entries long...
Open Trades:
Ticket Open Time Type Lots Item Price S / L T / P Price Commission R/O Swap Trade P/L
4361733 2007/03/07 21:28 buy 0.10 gbpusd 1.9333 0.0000 0.0000 1.9327 0.00 0.00 -6.00
0.00 0.00 -6.00
Floating P/L: -6.00